Nov. 26--Dennis Weiss, a former homebuilder based in St. Charles, was sentenced to 2 1/2 years in prison Monday for failing to pay more than $1.27 million in federal income taxes and concealing business interests, according to a news release from the U.S. Department of Justice.
He was sentenced in federal court after pleading guilty last year to one count each of filing a false federal income tax return and making false statements in a bankruptcy petition.
Weiss, 64, of South Elgin, owned Custom Homes by D.R. Weiss and Reliable Home Solutions.
He also was ordered to pay $296,643 in restitution to the Internal Revenue Service.
According to court documents, Weiss filed false individual federal income tax returns for 2005 through 2009, and he failed to file corporate tax returns for both of his companies. Although he filed corporate tax returns for Custom Homes for 1999 through 2004, he filed none starting in 2005. Reliable Home Solutions was formed in 2006 and dissolved in 2008, and Weiss never filed a corporate return on its behalf and concealed the company's existence from his tax preparer.
In 2009, according to court documents, Weiss filed a personal bankruptcy petition and intentionally concealed the existence of Melrose Currency Exchange, a business he had owned for several years.
